Companies Reap Tax Boon as Law’s Boost for Investment Kicks In

The giant GOP tax-and-spending law is supposed to encourage corporate investment by speeding up the tax deductions associated with it. Those tax benefits already are coming in for companies.

Business advocates say the law’s “bonus depreciation” provisions are spurring companies to spend more on facilities, equipment, and other capital investments to boost growth. Tech behemoths like Meta Platforms Inc. and manufacturers like Boeing Co. are among companies showing stronger capital-spending growth since the law was enacted in July.

“We are very much seeing encouraging early signs that companies are willing and able to use these provisions to actually make ...